RE: Luansobe Open Pit - with Upgrade on Site11 Feb 2023 19:05
I havee listened again to the podcast.
The numbers CB is throwing about are all over the place.
Hr says near the start he will dig out 60000tons of rock a month. Kevin pickd up on that and quite logically calculated that putting it thro a concetrator to raise the grade to 5% would leave you with 12000 tons (at the 5%) to transport to refining. In my view CB got totally confused then and started spouting nonsense.
There were other points which were illogical. He said the open pit was nearing 6m tons , then he said 6.3m , then he went on and said the mine (ie below the open pit) was 3-7m tons, and added the total of open pit to the mine and came up with 18m tons. The maths says 9-13m. Immediately after that statement , he rushed on and i suspect he knew he had blundered.
He also name checked Analytical. I would like to know if Analytical is a mining expert. CB has a habit of praising people who on chat forums pick up on his over enthusiasms.
I am not a mining expert. I am invested in several of CB's companies.
I think Luansobe could be a success and GLR has some seemingly good potential, but lets use some judgement on what he says. Phil and Kevin never probe properly.
Xtr has been a big disappointment , totally down to CB and his over egging it. Bezant is also in the doldrums